8/1020 sources · 12 publishersUpdated Oct 30, 00:54 UTC
Rivian posts Q3 beat, R2 becomes best‑seller and raises full‑year guidance
Rivian reported Q3 2026 revenue of $2.155 billion, up 38% year‑over‑year, and a consolidated gross profit of $176 million. The newly launched R2 SUV was the best‑selling model, driving a 46% increase in deliveries to 19,248 units. The company lifted its 2026 delivery target to 67,000‑70,000 vehicles and narrowed its adjusted EBITDA loss outlook by $100 million at the midpoint.
Why it matters
The raised delivery and EBITDA guidance signals a faster path to profitability for Rivian’s automotive business. Higher revenue and cash reserves of about $5.5 billion improve liquidity for upcoming capex and autonomy investments.
Key facts
- 1Consolidated revenue was $2.155 billion, a 38% increase YoY. electrek.co
- 2Vehicle deliveries rose 46% YoY to 19,248 units. electrek.co
- 3The R2 SUV became the best‑selling vehicle by volume in Q3. electrek.co
- 4Full‑year 2026 delivery guidance was raised to 67,000‑70,000 vehicles. finance.biggo.com
- 5Adjusted EBITDA loss guidance was improved to $1.85 billion‑$1.75 billion, $100 million better at the midpoint. finance.biggo.com
- 6Cash and short‑term investments at quarter end were approximately $5.5 billion. finance.biggo.com
Summary written by AlphAI AI Desk from 20 of 20 sources. Not investment advice. Figures are as stated by the linked sources.